Directors who are not as directly connected to the firm but who have existing or potential business relationships with the firm are called

Question

Quizplus · Accepted Answer

Gray Directors are directors who are not considered inside directors because they do not have direct involvement in the operations or management of the firm. However, they are not fully independent directors because they have some existing or potential business relationship with the firm. Hence, Gray Directors represent a gray area between inside and independent directors.

Directors Who Are Not as Directly Connected to the Firm